Thanks for all the responses, I looked at the offer and it says "You Have Been Selected To Apply" so I am not sure if this is a pre-selected or pre-approved offer. The Application does have an Offer ID# though. I don't mind taking up the offer as it would mean that I could establish a relationship with AMEX although like MoneyCard pointed out, my only concern is as I have been denied by Chase and Discover I am not sure if I want to risk being denied by Amex again. What do you guys think?

Money card wrote:AGP your 100% correct the zync can't be up graded. you can apply for a green but there would be a hard pull , if the person gets the green the account number would be different from the zync. the Zync is not upgradeable.

I have heard mixed messages from others and from Amex Reps directly. My belief based on what I have is the following. You have to wait 13 months. During this time, they will be soft pulling your credit report. If you qualify for other cards, you can PC to other cards. You can see if you qualify by see reapproved offers for other cards. However, if you don't qualify, you need to apply for other card with hard pull on success. The funny thing if you are apping for another card, there is no need to wait 13 months.

khaos wrote:Thanks for all the responses, I looked at the offer and it says "You Have Been Selected To Apply" so I am not sure if this is a pre-selected or pre-approved offer. The Application does have an Offer ID# though. I don't mind taking up the offer as it would mean that I could establish a relationship with AMEX although like MoneyCard pointed out, my only concern is as I have been denied by Chase and Discover I am not sure if I want to risk being denied by Amex again. What do you guys think?

Pre-selected is just means nothing marketing speak. Check your experian credit report for soft pull from AMEX recently. If you got one, then it might mean something. However you still haven't given any of your credit details, but keep asking our opinion on your chances. None of us can read your credit file or guess your FICO score for you.

khaos wrote:Thanks for all the responses, I looked at the offer and it says "You Have Been Selected To Apply" so I am not sure if this is a pre-selected or pre-approved offer. The Application does have an Offer ID# though. I don't mind taking up the offer as it would mean that I could establish a relationship with AMEX although like MoneyCard pointed out, my only concern is as I have been denied by Chase and Discover I am not sure if I want to risk being denied by Amex again. What do you guys think?

None of us can make that call. You may well be denied again - there is truly only one way to find out.

Personally I got the "pre-approved" mail from Amex in January of 2011. I thought wow I can't believe that. I called the number and app'd, only to be declined. They gave a laundry list of reasons why, so many of them that I wondered if I was some kind of criminal against credit, and mentioned derogs I didn't see on my report and I just looked. (I never did see them by the way so I'll never know what that rep was talking about).

A little over a year later I got approved for 3 Amexs in a less than a month. I had given up on getting any of their cards, but was reading posts on another board about their "pre-selected" site, and just for kicks and giggles I went there and I had never seen anything there, but there were a ton of cards I was "pre-selected" for. Taking that as a sign I applied for Zync and bam instant approval.

So, you just never know. You have to decide if you want in, and if you are willing to take a hard pull or a few hard pulls over time to do so. They can be quirky about who they approve. It's really up to you to make the call or not.

Crashem wrote:I have heard mixed messages from others and from Amex Reps directly. My belief based on what I have is the following. You have to wait 13 months. During this time, they will be soft pulling your credit report. If you qualify for other cards, you can PC to other cards. You can see if you qualify by see reapproved offers for other cards. However, if you don't qualify, you need to apply for other card with hard pull on success. The funny thing if you are apping for another card, there is no need to wait 13 months.

The reason why you have to wait 13 months to product change (or "upgrade") is because the CARD act mandates that a credit card issuer cannot raise a new account holder's pricing in the form of interest rate and annual fee in accordance with their card member agreement until the account has been open at least 13 months. It really has nothing to do with them softing you the entire time.

I was trying to retrieve my FICO score, although after submitting all my info it said it had trouble identifying me so I needed to call them up in order to get their free trial product. My Credit Karma Transrisk score is 709. Experian and TU were both around 693. I haven't tried Equifax as a couple of months ago when I did try it nothing could come up but I think that's because my credit history was still very recent.

khaos wrote:I was trying to retrieve my FICO score, although after submitting all my info it said it had trouble identifying me so I needed to call them up in order to get their free trial product. My Credit Karma Transrisk score is 709. Experian and TU were both around 693. I haven't tried Equifax as a couple of months ago when I did try it nothing could come up but I think that's because my credit history was still very recent.

In the end I would say app with them, if you are declined call them up and talk with a rep and ask what they would suggest you do in order to be approved in the future. Follow their suggestions and you'll get in.

MemberSince99 wrote:In the end I would say app with them, if you are declined call them up and talk with a rep and ask what they would suggest you do in order to be approved in the future. Follow their suggestions and you'll get in.

I have to think about this, I just looked at my credit report and I have 5 Hard inquiries on my credit report, 2 of which where from the car dealership credit company which I need to speak to them about. I can understand 1 inquiry from them but 2 doesn't make sense (one from the dealership and one from the credit company). Bottom line is 5 within almost a year doesn't look too promising for me so I may have to wait a bit.

khaos wrote:I have to think about this, I just looked at my credit report and I have 5 Hard inquiries on my credit report, 2 of which where from the car dealership credit company which I need to speak to them about. I can understand 1 inquiry from them but 2 doesn't make sense (one from the dealership and one from the credit company). Bottom line is 5 within almost a year doesn't look too promising for me so I may have to wait a bit.

Which bureau's report did you pull? Amex uses Experian, so unless all 5 of them are on your Experian report you should be alright.

Ratfacedudeguy2 wrote:The reason why you have to wait 13 months to product change (or "upgrade") is because the CARD act mandates that a credit card issuer cannot raise a new account holder's pricing in the form of interest rate and annual fee in accordance with their card member agreement until the account has been open at least 13 months. It really has nothing to do with them softing you the entire time.

I understand the 13 months is Amex interpretation of the card act rules. I was making the point that during the time while you are holding a zync, they soft pull your credit report regularly. So if you get preselected for other cards from the preselector on website, you will hopefully get PC to other charge in 13 months based on those soft pulls.

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